REG - X5 Retail Group N.V - X5 acquires Tamerlan stores

X5 Retail NVAnnouncement

17/04/2023 08:00

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RNS Number : 3399W  X5 Retail Group N.V.  17 April 2023

X5 ACQUIRES TAMERLAN STORES

 

Moscow, 17 April 2023 - X5 Group ("X5" or the "Company", LSE and MOEX
ticker: FIVE), a leading Russian food retailer, announces an agreement to
acquire Tamerlan, which operates the Pokupochka and PokupALKO retail chains in
the Southern Federal District and the Stavropol Territory of Russia. The deal
has been approved by the Federal Antimonopoly Service (FAS) of the Russian
Federation.

Under the transaction, X5 will acquire 100% of LLC Tamerlan - the operator
of the Pokupochka discounter chain, the PokupALKO discounter chain offering a
wide range of alcoholic products, and the Ga-ga supermarket chain.

The deal encompasses 295 stores with a total selling space of
124,200 square metres, mostly in the Volgograd Region. In addition, X5 will
receive the lease rights to a 30,000 square metre distribution centre in the
region.

Igor Shekhterman, CEO of X5 Group, commented:

"X5 Group's strategy envisages aggressive business expansion through both
organic growth and M&A as well as strategic partnerships, such as the one
we established last year with the Krasny Yar and Slata chains. The acquisition
of Tamerlan will enable us to expand our presence in southern Russia and gain
leadership in this region. At the same time, local customers will now have
more opportunities to shop for a wide range of products at affordable prices
at the stores of Russia's largest retailer."

 

Note to Editors:

X5 Retail Group N.V. (LSE and MOEX: FIVE; Expert RA - ruAAA; ACRA - AAA(RU))
is a leading Russian food retailer. The Company operates proximity stores
under the Pyaterochka brand, Perekrestok supermarkets and Chizhik hard
discounters. X5 provides an omnichannel experience to its customers,
integrating retail stores and e-commerce through its businesses Vprok.ru,
5Post and Mnogo Lososya.

 

As of 31 December 2022, X5 had 21,323 Company-operated stores. It has the
leading market position in both Moscow and St. Petersburg and a significant
presence in the European part of Russia. Its store base includes 19,164
Pyaterochka proximity stores, 971 Perekrestok supermarkets, 517 Chizhik hard
discounters and 595 Krasny Yar and Slata stores. The Company operates 53 DCs
and 4,386 Company-owned trucks across the Russian Federation.

 

X5 is one of the largest employers in Russia. The Company employs over 353
thousand people.

For the full year 2022, revenue totalled RUB 2,605,232 million (USD 38,005
million*), EBITDA pre-IFRS 16 reached RUB 186,788 million (USD 2,725
million*), and net profit pre-IFRS 16 for the period amounted to RUB 52,248
million (USD 762 million*).

Forward-looking statements

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the fact that they do not only relate to historical or current
events. Forward-looking statements often use words such as "anticipate",
"target", "expect", "estimate", "intend", "expected", "plan", "goal",
"believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances, a number of which are
beyond X5 Group N.V.'s control. As a result, actual future results may differ
materially from the plans, goals and expectations set out in these
forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Group N.V. speak
only as of the date of this announcement. Save as required by any applicable
laws or regulations, X5 Group N.V. undertakes no obligation publicly to
release the results of any revisions to any forward-looking statements in this
document that may occur due to any change in its expectations or to reflect
events or circumstances after the date of this document.

* FX rate: 68.5494 USD/RUB

 

 For further details please contact:
 Polina Ugryumova                                                       Maria Yazeva
 Head of Corporate Finance and IR

Tel.: +7 (495) 662-88-88 ext. 13-312                                  Investor Relations Officer

e-mail:   (mailto:%20Polina.Ugryumova@x5.ru) Polina.Ugryumova@x5.ru

 (mailto:%20Polina.Ugryumova@x5.ru)                                     Tel.: +7 (495) 662-88-88 ext. 13-147

                                                                        e-mail: Maria.Yazeva@x5.ru (mailto:Maria.Yazeva@x5.ru)

 

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